First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Unusually-High Trading Volume – Here’s Why

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) shares saw an uptick in trading volume on Friday . 1,408,887 shares changed hands during trading, an increase of 138% from the previous session’s volume of 592,126 shares.The stock last traded at $178.0370 and had previously closed at $176.53.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Price Performance

The stock’s 50-day moving average is $169.89 and its 200-day moving average is $159.87. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 23.47 and a beta of 1.23.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.1004 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%.

Institutional Trading of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Hedge funds have recently bought and sold shares of the company. CIBC Private Wealth Group LLC boosted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 672.7% during the third quarter. CIBC Private Wealth Group LLC now owns 170 shares of the company’s stock worth $26,000 after acquiring an additional 148 shares during the last quarter. Clearstead Advisors LLC boosted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 91.7% during the third quarter. Clearstead Advisors LLC now owns 207 shares of the company’s stock worth $31,000 after acquiring an additional 99 shares during the last quarter. Nalls Sherbakoff Group LLC acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter worth approximately $31,000. JNBA Financial Advisors boosted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,194.7% during the third quarter. JNBA Financial Advisors now owns 246 shares of the company’s stock worth $37,000 after acquiring an additional 227 shares during the last quarter. Finally, Coastline Trust Co acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter worth approximately $40,000.

About First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (the Fund) seeks investment results, which correspond to the price and yield (before the Fund’s fees and expenses) of an equity index called the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index (the Index). The Fund focuses to invest at least 90% of its net assets in common stocks, which comprises the Index or in depositary receipts, which may include American depositary receipts (ADRs), global depositary receipts (GDRs), European depositary receipts (EDRs) or other depositary receipts (collectively Depositary Receipts) representing securities in the Index.